Hanoi’s consumer price index (CPI) in January has dropped by 0.17 percent since December as a result of recent reductions in petrol, oil and gas prices.

Ripples from this price cut have also been felt in transportation service, housing, electricity, water, and construction material costs, decreasing by 1.18 percent from last month.

Meanwhile, the prices of restaurant services, beverages and tobacco, and entertainment and tourism services rose modestly by 0.38 percent, 0.21 percent, and 0.05 percent respectively.

The garment and food industries saw relatively sharp price increases due to changing weather conditions and recent price increases in poultry and aquatic products.-VNA